European stocks are seen opening a tad lower on Tuesday as investors await more U.S. economic data this week for additional clues on the Fed\'s rate trajectory. Traders await cues from a slew of central bank meetings, with the European Central Bank and the Bank of Canada both expected to cut rates this week ahead...
Former FTX Digital Markets CEO Ryan Salame is writing a memoir about his experiences working for SBF’s now-collapsed crypto exchange, a Monday X post by the once FTX executive reveals. Former FTX Exec Ryan Salame Writing Memoir About FTX, Alameda Research According to the post, Salame has “dedicated a significant amount” of time to chronicling...
Outspoken Bitcoin investor and MicroStrategy founder Michael Saylor will forfeit $40 million in order to settle income tax fraud litigation brought against him by the Washington D.C. Attorney General’s office, the agency announced Monday. MicroStrategy Founder Settles D.C. Income Tax Fraud Case For $40 Million In August 2022, then D.C. Attorney General Karl Racine announced...
Binance has terminated cash payments for peer-to-peer (P2P) cryptocurrency trades in India, a move intended to bolster compliance and align with regulatory standards. This decision comes as the exchange seeks to establish greater legitimacy in the Indian market despite the previous flexibility that allowed traders to settle transactions using physical cash or bank deposits. Binance’s...
BlackRock’s iShares Bitcoin Trust has taken the lead as the world’s largest fund for Bitcoin, accumulating nearly $20 billion in total assets since its listing in the United States earlier this year. According to data compiled by HODL15Capital, the exchange-traded fund held $19.68 billion worth of Bitcoin on Tuesday, surpassing Grayscale Bitcoin Trust’s $19.65 billion....
Despite hawkish remarks from Federal Reserve officials and stronger-than-expected U.S. economic data, which have reduced the likelihood of a Fed rate cut, Bitcoin (BTC) has managed to regain some traction. The cryptocurrency edged slightly higher, reaching around $67,785 and hitting an intraday high of $68,848. BlackRock’s Bitcoin ETF, IBIT, has become the largest Bitcoin fund...
The live Bitcoin price today is $67,325, reflecting a 1.43% decline in the last 24 hours, with a trading volume of $26.85 billion. Bitcoin remains the top-ranked cryptocurrency with a market cap of $1.33 trillion. The circulating supply is 19.71 million BTC, nearing its maximum supply of 21 million coins. This recent dip raises questions...
Bitcoin (BTC), the world’s leading cryptocurrency, continues its bearish trend, remaining below the $68,000 mark and hitting an intraday low of $67,147. Major altcoins like Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) also edged lower, with the Market Fear & Greed Index at 63 (greed). However, the decline in BTC may...
An international group of tax chiefs – J5 – has advocated financial institutions to be mindful of crypto risk-indicators, prone to illicit activities. The Joint Chiefs of Global Tax Enforcement (J5) has listed-down five risk-indicators associated with cryptocurrencies. The indicators are developed by a specialized team of cyber experts from member countries. J5 is a...
Ripple filed a new motion in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In the latest filing on May 29, Ripple dismissed claims that it suppresses the XRP price through over-the-counter (OTC) token sales. According to the filing, Ripple no longer conducts OTC XRP sales transactions. Instead, the company sells...